General Studies · Capital Losses Regulation

Which TWO of the following statements about allowable capital losses for an individual under general taxation planning are true? Statement A: The annual exempt amount is deducted before any brought forward capital losses are utilized against current year gains. Statement B: Current year capital losses remaining after offset against current year chargeable gains can always be offset against current year income. Statement C: The annual exempt amount is deducted before any current year capital losses are utilized against current year gains. Statement D: Excess current year capital losses are carried forward indefinitely until future chargeable gains arise.